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Jan 26 - 04:55 AM

EUR/USD - Chart Shows Bulls Are Gearing Up For A Charge

By Martin Miller  —  Jan 26 - 03:00 AM
  • Dollar risks doldrums into month-end and beyond nL1N34A0NJ

  • EUR/USD has scope for an eventual break above a major 1.0939 Fibo

  • 1.0939 Fibo is a 50% retrace of the 1.2349 to 0.9528 (2021 to 2022) EBS drop

  • 14-day, 14-week momentum remains positive = bullish market

  • We are long at 1.0805 for 1.1020. Trader TGM2334. Prev update nL1N34A0B2

Source:
Refinitiv IFR Research/Market Commentary

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